Googles Monopoly Isnt Going Anywhere

Image for article Googles Monopoly Isnt Going Anywhere
News Source : New York Magazine

News Summary

  • Google will be barred from “any exclusive contract relating to the distribution of Google Search, Chrome, Google Assistant, and the Gemini app’ Google’s stock rose 8 percent the day the remedies were announced.
  • Google is still the dominant firm in the relevant product markets.
  • No existing rival has wrested market share from Google.
  • And no new competitor has entered the market.
  • But artificial intelligence technologies, particularly generative AI (“GenAI”), may yet prove to be game changers.
Google is a monopolist, and it has acted as one to maintain its monopoly, concluded Judge Amit Mehta last year, in a significant ruling against the company. It had acted illegally to maintain a domin [+6702 chars]

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